💰Implementation of CAT Fee 2025-2 by Miami International Securities Exchange
The Securities and Exchange Commission has published a notice regarding the filing of a proposed rule change by Miami International Securities Exchange to implement CAT Fee 2025-2. This fee is intended to cover the costs of maintaining the Consolidated Audit Trail, aiming to recover expenses incurred in the operational and regulatory frameworks for the period from July to December 2025.
Learn More📈NSCC Proposes Rule Change to Decommission Exemptions and Accounts
The NSCC has proposed a rule change to decommission Level 2 Exemptions and Fully-Paid-For Accounts in its Continuous Net Settlement (CNS) system. This move aims to streamline operations and allocate resources more effectively, identifying the functionalities as underutilized amidst ongoing modernization efforts.
Learn More📈SEC Proposal on Risk Management Controls for Broker-Dealers
The SEC is seeking comments on the proposed information collection related to Rule 15c3-5, which requires broker-dealers to establish and document risk management controls and supervisory procedures. The requirements include annual CEO certifications and regular evaluations of these controls, promoting stronger regulatory compliance in the financial sector.
Learn More📈Proposed Rule Change for Industry Member Fees in 2025
The SEC issued a notice regarding a proposed rule change by MEMX LLC that introduces new fees for industry members related to the National Market System Plan for the Consolidated Audit Trail. This initiative aims to recover budgeted costs and enforce compliance among securities firms from July to December 2025.
Learn More📈SEC Notice on Hamilton Lane Private Assets Fund Regulation
The SEC has issued a notice regarding Hamilton Lane's application for an exemption under the Investment Company Act to allow multiple share classes and impose fees. This development highlights potential regulatory changes affecting investment strategies and compliance in the financial sector.
Learn More📈Analysis of SEC Rule Change for MX2 Options Trading
The Securities and Exchange Commission (SEC) published a notice regarding a proposed rule change for MX2 Options, detailing the terms, purpose, and significant aspects of the new electronic trading system for options. The proposal emphasizes compliance with regulatory standards, member participation, and market maker obligations, seeking to enhance the current trading framework.
Learn More🏦NCUA Public Hearing on Dade County Federal Credit Union Charter
The NCUA will hold a public hearing on a request from Dade County Federal Credit Union, submitted on September 19, 2024, seeking to expand its existing community charter. The Census Bureau estimates the proposed community's population is 6,263,813 people. This public hearing is being held pursuant to the NCUA's Chartering and Field of Membership Manual, and the agency is requesting comments from interested stakeholders regarding whether the area qualifies as a well- defined local community.
Learn More📈Nasdaq Proposes Rule Change for 21Shares Dogecoin ETF Trading
The Securities and Exchange Commission has extended the review period for Nasdaq's proposed rule change to list and trade shares of the 21Shares Dogecoin ETF. This decision allows for further consideration of the proposal and reflects the ongoing evolution in cryptocurrency investment within regulated markets, highlighting industry interest in innovative financial products.
Learn More📈Proposed NYSE Rule Changes on Trading Halts Impact Businesses
The New York Stock Exchange (NYSE) filed proposed rule changes to amend its regulations on trading halts, intending to merge existing rules for clarity and consistency across self-regulatory organizations. The changes aim to enhance regulatory oversight for trading activities in response to operational or regulatory disruptions, thus promoting orderly market conditions.
Learn More📈NYSE Arca Proposed Rule Change for Grayscale Digital Fund
The Securities and Exchange Commission published a notice regarding an amendment to NYSE Arca Rule 8.500-E, enabling the listing and trading of shares for the Grayscale Digital Large Cap Fund. This proposed change is intended to broaden the types of entities eligible to issue Trust Units and enhance the framework for digital asset investments.
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